Mortgage and Financial News From 2007-9-26 Page 5

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  • Bank's £10bn auction fails to attract takers

    The Independent - We have been arguing the mortgage lenders have been insulating UK households from credit market events to a large degree, and that it would take some time for the events of the last couple of weeks to feed through. Right up to the Northern Rock ...
    2007-09-26 05:04:00
  • Large investor in New Century bails out

    Reuters - The company remains one of the largest casualties of a U.S. housing slump that has caused dozens of mortgage lenders to quit the industry and many to go bankrupt. Greenlight is based in New York. (Reporting by Jonathan Stempel) © Reuters 2007
    2007-09-26 02:20:00
  • Mortgage lenders rebound from sub-prime rout

    Daily Telegraph - Mortgage banks enjoyed their day in the sun after a miserable summer dealing with the fallout from the sub-prime crisis. HBOS jumped 42½ to 873p on a broker upgrade, having tumbled from highs of £11 in June. Goldman Sachs said yesterday it was ...
    2007-09-26 04:43:00
  • Subprime: Big talk, little help (CNN Money)

    The bullhorn message from the government to mortgage lenders has been: Bend. Do what you can to help struggling homeowners.
    2007-09-26 10:55:39
  • Problems Mount for 2 Mortgage Firms (New York Times)

    Shares in Fremont General dropped 19 percent after a rescue plan was abandoned, while Luminent Mortgage Capital said second quarter profits were lower than initially reported.
    2007-09-26 08:26:39
  • House panel OKs mortgage forgiveness bill (CNN Money)

    New legislation would eliminate the tax bill for homeowners whose debt was forgiven by lenders to avoid foreclosure.
    2007-09-26 01:10:12
  • Lenders holding the door open for home buyers (icWales)

    MORTGAGE lenders said yesterday that the availability of home loans should not be affected by the current turmoil in global credit markets.
    2007-09-26 04:34:14
  • Polish Central Bank Leaves Benchmark Interest Rate Unchanged

    Bloomberg - Sept. 26 (Bloomberg) -- The Polish central bank kept its benchmark interest rate unchanged, following three increases this year, while it waits for more evidence inflation is under control. The Warsaw-based Monetary Policy Council left the seven-day ...
    2007-09-26 04:11:00
  • GLOBAL MARKETS-U.S. stocks rise on GM accord, dollar rebounds

    Reuters - The weak economic numbers actually helped Wall Street as traders speculated that softer manufacturing would prompt another interest rate cut from the Federal Reserve, following a steep half-point reduction to 4.75 percent last week. "These data ...
    2007-09-26 04:28:00
  • Thai shares close higher on rate cut hopes, foreign investor interest

    Forbes - BANGKOK (Thomson Financial) - Thai shares closed higher on Wednesday led by hopes for a possible interest rate cut early next month, with foreign investors chasing gains in banking and property-linked stocks. The local market also held firm, in line ...
    2007-09-26 04:40:00
  • Norway Hikes Interest Rate by 0.25 Point

    Forbes - Norway's central bank hiked the nation's key interest by one quarter of a percentage point to 5 percent, seeking to dampen both stronger than expected economic growth and a sharp strengthening of the krone against other currencies. The Bank of Norway ...
    2007-09-26 07:53:00
  • CORRECTION ECB longer-term refi average rate 4.63 pct; marginal rate 4 ...

    Forbes - FRANKFURT (Thomson Financial) - The European Central Bank (ECB) said the weighted average interest rate on accepted bids at today's longer-term refinancing operation was 4.63 pct. The marginal rate -- the lowest rate at which bids were accepted ...
    2007-09-26 10:30:00
  • Norway raises interest rate

    DAWN Group - OSLO, Sept 26: The Norwegian central bank said on Wednesday it had raised its key interest rate a quarter of a point to 5.00 per cent to prevent an overheating of the economy, bucking a trend seen in other Western countries. The increase, the sixth ...
    2007-09-26 07:27:00
  • German shares close higher as investors speculate on US interest rate ...

    Forbes - FRANKFURT (Thomson Financial) - German shares closed higher today as investors speculated that key US macroeconomic data that came out yesterday could be a further incentive for the US Fed to lower its key interest rates. A higher Wall Street opening ...
    2007-09-26 10:16:00
  • European stocks soar on US interest rate speculation

    News.com.au - EUROPEAN stocks soared overnight on speculation of further cuts in US interest rates and investment bargains after sharp falls the previous day. In Germany, the eurozone's largest economy, the GfK confidence indicator fell to 6.8 points in September ...
    2007-09-26 12:11:00